Ambulatory infusion pumps play a vital role in modern healthcare by enhancing patient care. These portable devices enable patients to receive continuous medication and fluid therapies outside of traditional healthcare settings, promoting comfort and mobility. With precise and programmable dosage delivery, patients can manage chronic conditions effectively and experience better treatment outcomes. Ambulatory infusion pumps facilitate patient-centered care, allowing individuals to maintain their daily activities while receiving essential medical therapies, ultimately improving their quality of life and overall healthcare experience.
According to Data Bridge Market Research, the Global Ambulatory Infusion Pumps Market is expected to grow with a CAGR of 10.4% in the forecast period of 2022 to 2029.
“Increase in the geriatric population boosts the market’s growth”
The ambulatory infusion pumps market experiences growth due to the increase in the geriatric population. As the elderly population grows, so does the prevalence of chronic diseases and conditions that require continuous medication and fluid administration. Ambulatory infusion pumps offer a portable and convenient solution for administering medications outside of traditional healthcare settings. With a rising number of elderly patients seeking home-based treatments, the demand for ambulatory infusion pumps rises, driving the market's expansion to meet the healthcare needs of the aging population.
What restraints the growth of the global ambulatory infusion pumps market?
“Software problems associated with the devices restraints the market’s growth”
The growth of the ambulatory infusion pumps market may be restrained by software problems associated with the devices. Malfunctions or glitches in the software can lead to inaccurate dosage calculations, incorrect medication delivery, or system failures. These issues may raise safety concerns among healthcare providers and patients, potentially hindering the adoption and trust in ambulatory infusion pumps. Addressing software-related challenges through rigorous testing, regular updates, and improved cybersecurity measures is crucial to ensure the market's sustained growth and the safety of patients relying on these devices.
Segmentation: Global Ambulatory Infusion Pumps Market
The global ambulatory infusion pumps market is segmented on the basis of product type, usage, route of administration, application, end-user, and distribution channel.
- On the basis of product type, the ambulatory infusion pumps market is segmented into devices, accessories, and consumables.
- On the basis of usage, the ambulatory infusion pumps market is segmented into disposable and reusable.
- On the basis of route of administration, the ambulatory infusion pumps market is segmented into intravenous, subcutaneous, and epidural.
- On the basis of application, the ambulatory infusion pumps market is segmented into pain management, diabetes, oncology, neonatology, gastroenterology, general anesthesia, emergency medicine, and others.
- On the basis of end-user, the ambulatory infusion pumps market is segmented into hospitals, home care settings, ambulatory surgical centers, specialty clinics, and others.
- On the basis of distribution channels, the ambulatory infusion pumps market is segmented into direct tender and retail sales.
Regional Insights: North America is expected to dominate the Global Ambulatory Infusion Pumps Market
North America is expected to dominate the market due to technological advancements in infusion pump systems. The U.S. is anticipated to dominate the market due to a high prevalence of chronic and acute disorders in the country. As healthcare providers seek advanced solutions to deliver accurate and efficient medication administration, the demand for innovative infusion pump technologies continues to rise in the U.S.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-ambulatory-infusion-pumps-market
Recent Developments
- In March 2022, Fresenius Kabi recently completed the acquisition of Ivenix, Inc., a leading medical technology company known for its advanced infusion system technologies. This strategic move is expected to accelerate Fresenius Kabi's growth in the biopharmaceuticals and Medtech sectors, enabling them to tap into the expanding infusion therapy market.
- In February 2022, ICU Medical, Inc.'s Plum 360 Infusion System has once again been recognized with the prestigious "Best in KLAS" honor as the top-performing smart pump with EMR integration. This distinguished award is a result of extensive feedback from numerous healthcare providers across the United States and Canada, gathered through thorough side-by-side evaluations of IV smart pump performance in various critical categories, including culture, loyalty, operations, product, relationship, and value.
The Prominent Key Players Operating in the Global Ambulatory Infusion Pumps Market Include:
- B. Braun Melsungen AG (Germany)
- Baxter (U.S.)
- Moog, Inc. (U.S.)
- WalkMed (U.S.)
- KORU Medical Systems (U.S.)
- Intra Pump Infusion Systems (U.S.)
- AVNS (U.S.)
- ICU Medical, Inc. (U.S.)
- Eitan Medical (U.S.)
- Fresenius Kabi (a subsidiary of Fresenius SE & Co. KGaA) (Germany)
- Medtronic (U.S.)
- Micrel Medical Devices (U.S.)
- Ace-medical (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global ambulatory infusion pumps market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Ambulatory Infusion Pumps Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
